This is a question that every homeowner needs to take seriously before they list their property on the market. If you want to know for sure, it’s a good idea to get in a professional evaluator. It’s going to cost some money, but they’ll be able to give you a valuation that you can take to the bank.
If the budget doesn’t stretch quite that far, it’s not all over. There are a few ways to check how realistic your idea of the value of your home is.
Talk to a Realtor
If you choose a reputable realtor who has a good deal of experience in the area, they should be able to give you a realistic price. They’ll also be able to advise you on what to do to up the value of your home in the short-term.
This will normally entail things like clearing up the clutter, making basic repairs and possibly updating appliances, or repainting the home.
Look at Property Values in the Area
This is going to be a pretty good indication of what you can expect to get for your home. Check the average property prices in the area for a home similar to yours. How does your house compare to the average home?
If you’ve made a lot of improvements, you might be able to increase this price a little, but you need to keep it in a similar range to that of other properties in the area.
How Much Work is There to Do?
Generally speaking, the better the condition of the house, the more you can expect to sell it for. Not everyone is looking for a fixer-upper. If your home falls into this category, you need to make allowances for that fact.
People will want to see signs that the house has potential. They’ll want to see that all the lights and plumbing work well. Problems with faulty wiring or plumbing that is beyond its sell-by date are expensive to repair so keep that in mind too.
How Are Sales in the Area?
If there is one house for sale in the area that won’t sell, it might be seen as a sign that there is a problem with that house. If there are two or three houses in the same street as yours for sale, that could be seen as a problem with the neighborhood itself.
We love our homes. They are our sanctuary and place to hide from the world. It’s only natural that we value them highly. When selling your home, however, it’s time to take off the rose-colored spectacles. Those little eccentricities that you have learned to live with could be a problem for buyers.
So, do yourself a favor and run a search along the lines of, “We buy homes Boston.” That should give you an idea of the number of potential outlets for your home. From there, conduct some scrupulous research so that you know what you can realistically expect for your home.